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$2,799,999
109 Days On Site

1055 Grover Avenue
Glendale, CA 91201

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
7,211
SqFt
$388
/SqFt
1962
Built
County:
Los Angeles
Listed by Vartan Markarian of Markarian Realty [email protected]

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1055 Grover Avenue1055 Grover Avenue1055 Grover Avenue1055 Grover Avenue
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Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $267,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C’s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.

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Listing Snapshot
Price 
$2,799,999
Days On Site 
109 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,211 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1777 Acres
Year Built 
1962
MLS® Number 
GD24186109
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoPrice changed to $2,799,999
4 months agoListing updated with changes from the MLS®
4 months agoStatus changed to Active
4 months agoListing first seen on site
General Features
Acres 
0.1777
Garage 
Yes
Garage Spaces 
13
Number Of Stories 
2
Parking Spaces 
13
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7211
Water Source 
Public
Zoning 
GLR4YY
Interior Features
Cooling 
Wall/Window Unit(s)
Fireplace 
Yes
Fireplace Features 
See Remarks
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Roof 
Flat
Community Features
Building Access 
Ground level
Community Features 
Curbs
Financing Terms Available 
Cash
MLS Area 
626 - Glendale-Northwest
1055 Grover Avenue, Glendale, CA, 91201 Pezzini Luxury Homes

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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